BlackRock Amends TETRA Tech Stake, Maintains Significant Position
Ticker: TTI · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 844965
| Field | Detail |
|---|---|
| Company | Tetra Technologies Inc (TTI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns TETRA Tech shares, a good sign for stability.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of TETRA TECHNOLOGIES INC common stock as of December 31, 2023. This amendment (Amendment No. 2) indicates that BlackRock, a major institutional investor, continues to hold a significant stake in TETRA TECHNOLOGIES INC. For investors, this filing confirms that a large, influential asset manager maintains its position, which can be seen as a vote of confidence in the company's long-term prospects, potentially stabilizing the stock price.
Why It Matters
This filing shows that BlackRock, a major institutional investor, continues to hold shares in TETRA TECHNOLOGIES INC, signaling ongoing institutional confidence in the company.
Risk Assessment
Risk Level: low — The filing indicates a stable institutional ownership, which generally reduces volatility and risk for the stock.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, which suggests a baseline level of institutional confidence in TETRA TECHNOLOGIES INC, but this filing alone doesn't indicate a change in investment strategy.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- TETRA TECHNOLOGIES INC (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 2 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Amendment No: 2.
Who is the reporting person in this filing?
The reporting person in this filing is BlackRock, Inc., identified by CIK 0001364742.
What is the subject company whose securities are being reported?
The subject company is TETRA TECHNOLOGIES INC, identified by CIK 0000844965.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of TETRA TECHNOLOGIES INC is 88162F105.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding TETRA TECHNOLOGIES INC (TTI).